After state election results, Finance Minister Nirmala Sitharaman will have to figure out what her expenditure scorecard should look like in Financial Year 2023-24 (FY24.) She would wish to emphasise on priorities post the Lok Sabha elections in FY25, but it is now that the management of the central government purse shall attract attention in India and abroad.
Note that India government papers shall be part of the global bond indices soon. J P Morgan has announced that Indian bonds will be included in its Government Bond Index-Emerging Markets suite starting June 2024. Fund managers like J P Morgan will keenly watch how well Sitharaman manages to stick close to her budget promises, getting a sense of how the government
First Published: Dec 06 2023 | 1:37 PM IST